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October 28, 2026 8:59 AM

Jio to make trading debut after record $3.2 billion IPO

Reliance Industries Chairman Mukesh Ambani's telecom and digital services arm, Jio Platforms, is set to make its stock market debut in Mumbai on Wednesday after its $3.2 billion initial public offering (IPO) attracted bids worth $77 billion, making it India's most-subscribed offering, according to the supplied report. Valued at up to $108.3 billion, Jio Platforms serves more than 530 million customers and could become one of India's largest companies by market capitalisation following its listi...

September 16, 2026 12:54 PM

“Key to building positive future is maintaining balance of power”: Mark Zuckerberg calls for responsible AI development

Meta CEO Mark Zuckerberg has waded into the debate set off by Anthropic CEO Dario Amodei on slowing the pace of AI development or risk losing control. In a post on X, Zuckerberg referenced a blog post written by himself last month and said that labs have a responsibility to train their models safely. “Every lab has the responsibility and incentive to move at the pace required to train its models safely, and the ability to take its own actions to ensure that happens. The reality is: – Peopl...

September 15, 2026 4:57 PM

Meta says “protecting children is priority” after agreeing to report child safety matters to I4C portal

Tech giant Meta will now report child safety-related matters directly to the cybercrime portal managed by the Indian Cybercrime Coordination Centre (I4C), a Meta spokesperson said on Tuesday, as the company reiterated its commitment to tackling online child exploitation and related crimes. “Protecting children on our platforms is a priority for us, and we’re committed to working with the government to ensure that the perpetrators of these crimes are held responsible,” the Meta spokesperso...

July 30, 2026 4:13 PM

Govt seeks detailed explanation from Meta over temporary restriction of PM Modi’s Facebook post

The Ministry of Electronics and Information Technology (MeitY) has sought a detailed explanation from Meta over the temporary restriction placed on Prime Minister Narendra Modi's Facebook post, with senior company officials expected to meet government representatives within the next seven to 10 days. Speaking on the issue, MeitY Secretary S. Krishnan said the government has asked Meta to provide both a policy-level and technical explanation to determine how the incident occurred. "India intend...

May 12, 2026 4:11 PM

EU chief turns up heat on social media’s ‘addictive’ design

The European Union is working on new rules to protect children from the addictive designs of social media such as TikTok, Meta and X, EU Commission President Ursula von der Leyen said on Tuesday. "Sleep deprivation, depression, anxiety, self-harm, addictive behaviour, cyberbullying, grooming, exploitation, suicide. Risks are multiplying fast," von der Leyen said in a speech in Copenhagen. "These risks are the reality of the digital world. They are not accidental. They are the result of busines...

May 9, 2026 5:36 PM

Meta discontinues end‑to‑end encryption for Instagram

US tech giant Meta has officially switched off end-to-end encrypted direct messages on Instagram, discontinuing the privacy-focused feature for users globally. The tech company said users with existing encrypted chats are being notified inside the app and urged to download any important media or messages they wish to keep before the feature is fully discontinued. The move marks a reversal from Meta's earlier plans to make encrypted messaging a standard feature across its apps. End‑to‑end ...

April 9, 2026 10:22 AM

Meta unveils first AI model from costly superintelligence team

Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals in the AI race. Shares of the company extended gains to trade up nearly 7%. U.S. tech giants are under pressure to prove their massive AI outlays will pay off. The stakes are especially high for Meta after it hired Scale AI CEO Alex Wang last year under a $14.3 billion deal and offered some engineers pay packages of hundr...

November 20, 2025 3:56 PM

Spanish court orders Meta to pay $550 mln to digital media companies

A Spanish court has ordered that the multinational tech company Meta pay 479 million euros ($552 million) to Spanish digital media outlets for unfair competition practices and infringement of EU data protection regulation. Madrid's Commercial Court said on Thursday the compensation, to be paid out to 87 digital press publishers and news agencies, is linked to Meta's use of personal data for behavioural advertising on Facebook and Instagram. It said Meta had obtained a "significant competitive ...

October 31, 2025 10:52 AM

Tech giants ramp up AI investments, yet Alphabet’s strong cash flow steals the spotlight

Four of the biggest U.S. technology companies flagged plans this week to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet ability to fund its plans from its cash flow. Alphabet, Microsoft , Facebook-owner Meta and Amazon all announced plans for higher annual capital expenditures as they pour money into chips and data centers. Shares of all of those companies, with the exception of Amazon, have risen substantially this year on expec...